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Prosus-owned PayU's FY23 revenue grows in double digits

Finance

27 June, 2023

Prosus-owned PayU's FY23 revenue grows in double digits

Payment services provider PayU Payments Pvt. Ltd, has generated a revenue of $399 million (Rs 3,271 crore) for FY23, up ......

NSE, BillDesk backer TA Associates amasses $16.5 bn for new PE fund

Finance

16 June, 2023

NSE, BillDesk backer TA Associates amasses $16.5 bn for new PE fund

US-based private equity player TA Associates, a backer of Indian companies like the National Stock Exchange and Billdesk, has mopped ......

PayU onboards former IndusInd exec to lead risk ops

Finance

14 February, 2023

PayU onboards former IndusInd exec to lead risk ops

Prosus-owned PayU Payments Pvt Ltd on Tuesday appointed Manish Deo as the company’s head of risk operations and anti-money laundering. In ......

SaaS firm Serosoft rakes in Rs 30 cr from SIDBI Venture Capital

TMT

27 October, 2022

SaaS firm Serosoft rakes in Rs 30 cr from SIDBI Venture Capital

Educational software and solutions company Serosoft Solutions Pvt Ltd has raised Rs 30 crore ($3.6 million) in Series A funding ......

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More startups find investors getting cold feet on binding contracts

Finance

06 October, 2022

More startups find investors getting cold feet on binding contracts

A growing number of startups have seen investors renege on binding contracts or share purchase pacts in the past few ......

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Why Prosus backed out from a deal that would have made PayU a market leader

TMT

05 October, 2022

Why Prosus backed out from a deal that would have made PayU a market leader

By all accounts, Dutch payments major Prosus appears to have used a technicality to wriggle out of its agreement to ......

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BillDesk shareholders explore legal options against Prosus

TMT

04 October, 2022

BillDesk shareholders explore legal options against Prosus

Prosus NV terminated a $4.7 billion deal to buy BillDesk, citing a breach of conditions, just hours before the deadline, ......

Naspers terminates deal to acquire BillDesk for $4.7 bn

Finance

03 October, 2022

Naspers terminates deal to acquire BillDesk for $4.7 bn

Naspers-owned Prosus has terminated its $4.7 billion agreement to acquire payments provider BillDesk, a month after the deal between Prosus ......

CCI clears PayU's $4.7 bn acquisition of BillDesk in largest fintech deal in India

TMT

05 September, 2022

CCI clears PayU's $4.7 bn acquisition of BillDesk in largest fintech deal in India

The Competition Commission of India (CCI) has cleared PayU’s acquisition of BillDesk after seeking multiple queries over the last year, ......

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In FY22, South Africa's Prosus Ventures mostly invested in India

TMT

27 June, 2022

In FY22, South Africa's Prosus Ventures mostly invested in India

In FY22, Prosus Ventures invested a total of $900 million. Out of this, $800 million was invested in India, the ......